GBP/JPY – 1H – SELLThe pair British Pound/Japanese Yen (GBP/JPY) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 198.371 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 200.264 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 200.264 |
| Current Price | 198.38000 |
| Next Low | 198.371 |
| 2nd Low | 198.271 |
| 3rd Low | 197.854 |
199.132 – 199.183 – 199.05 – 198.371 – 198.271 – 198.739 — 38.583907299394 – 32.673963619107 — 3.1445023751431 – 1.0345423957989 – 2.4548074446105 – 2.0963349167621
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bearish Belt Hold – Double bottom chart pattern – –